Binance News

On May 17, 2026, 23:42 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,823.859375 USDT, with a narrowed 1.77% decrease in 24 hours.

Bitcoin has dropped below the $79,000 mark, with significant selling pressure observed at the $82,000 level. According to PANews, short-term holders are taking profits at higher prices. Meanwhile, large outflows from the fixed income market could potentially benefit Bitcoin in the medium term. On-chain signals indicate a tightening supply, and trading enthusiasm has fallen below the levels seen at the bottom of the previous bear market.

Michael Saylor, founder and executive chairman of Strategy, has once again shared information regarding the Bitcoin Tracker. According to Odaily, the post was accompanied by the caption: '₿ig Dot Energy.' Historically, Strategy has disclosed additional Bitcoin holdings the day after such announcements.

According to Odaily, sources indicate that the two-year collaboration between Apple and OpenAI is experiencing difficulties. OpenAI reportedly believes the partnership has not yielded the expected benefits and is considering potential legal action.
OpenAI's legal team is said to be working with an external law firm to explore various legal options that could be implemented soon. The deteriorating relationship between the two companies may lead to future legal disputes.

Blockaid reported on platform X that its vulnerability detection system identified an attack on the Verus Ethereum cross-chain bridge. According to Odaily, the incident has resulted in a loss of approximately $11.58 million.

Bitcoin is experiencing increased selling pressure, according to NS3.AI. Meanwhile, a significant whale has expanded their Ethereum long position to 120,000 ETH. In other developments, Iran has introduced Hormuz Safe, a maritime insurance platform based on Bitcoin settlements. Additionally, Grafana has reported a security incident involving its GitHub repository. Fresh comments have also emerged regarding the timeline for the CLARITY Act.

According to the announcement from Binance, the platform has introduced a new educational initiative called the 'Word of the Day' (WOTD) game, themed around 'Binance Pizza Day'. This activity is designed to enhance users' cryptocurrency vocabulary while keeping them informed about the latest market trends. The event is scheduled to run from 2026-05-18 00:00 (UTC) to 2026-05-24 23:59 (UTC).
Participants can engage in up to two WOTD games daily, testing their knowledge on the specified topic. Users who correctly answer at least three questions during the activity period will qualify to share a 12 BNB reward pool. The distribution of rewards will be proportional to the number of correct answers each user provides, with a maximum cap of 0.01 BNB per participant. Additionally, those who answer correctly on five or more days will equally share an extra 3 BNB reward pool. All rewards are set to be distributed by 2026-06-09 23:59 (UTC) and must be claimed before expiration.
To unlock a second WOTD game, users need to share a featured link on social media, which must be clicked by a logged-in user. New users registering with the 'WOTD' referral code during the activity period will receive a 10% discount on Spot trading fees and may earn additional rewards by completing tasks in the Rewards Hub within 14 days of registration. This initiative aims to engage users in a fun and educational manner, offering them a chance to earn rewards while expanding their crypto knowledge.

Iran has introduced a new maritime insurance platform, Hormuz Safe, designed to provide insurance for vessels navigating the Persian Gulf and the Strait of Hormuz. According to Foresight News, the platform will facilitate settlements using Bitcoin and other cryptocurrencies. Supporters within the Iranian government believe that if Hormuz Safe captures a significant share of the Persian Gulf shipping insurance market, it could generate over $10 billion in revenue.

Investor concerns over accelerating inflation have triggered a sell-off in the global bond market, leading to a rise in U.S. long-term Treasury yields to their highest levels in nearly three years. According to Jin10, the yield on the 30-year U.S. Treasury bond briefly increased by 4 basis points to 5.16%, marking the highest level since October 2023. This rise follows U.S. President Donald Trump's pressure on Iran to reach an agreement to end the Iranian war, which has contributed to continued gains in oil prices. Meanwhile, the yields on the 10-year and 2-year U.S. Treasury bonds reached 4.63% and 4.10%, respectively, the highest since February 2025.
In Japan, the yield on the 30-year Japanese government bond surged by 20 basis points to 4.2%, the highest since its issuance in 1999. Bond traders often view the 5% yield level on the 30-year U.S. Treasury bond as a 'threshold,' believing it could attract bargain hunters. BNP Paribas' U.S. rate strategy head, Guneet Dhingra, commented, 'There is no anchor point above 5%.' He advises clients to focus on the trading range of 5.25% to 5.5% for the 30-year U.S. Treasury bond.

Ethereum co-founder Vitalik Buterin addressed the issue of state storage on the X platform. According to Odaily, Buterin highlighted that the main challenge with the current state proof scheme is the need to store and continuously update data used for proof verification, which eventually becomes almost as large as the entire on-chain state. While some viable solutions exist, they involve numerous complex components and require various trade-offs compared to the current Ethereum architecture.

The CLARITY Act is expected to fulfill approximately 90% of the regulatory requirements for the cryptocurrency industry, according to White House crypto advisor Patrick Witt. This statement was reported by Cointelegraph, as noted by ChainCatcher. The act aims to provide clearer guidelines and regulations for the rapidly evolving crypto sector, addressing key concerns and uncertainties faced by industry stakeholders.

PANews posted on X (formerly Twitter). Users have observed the appearance of Claude Mythos on the Google Cloud console since yesterday, with the preview label disappearing simultaneously. Previously, Opus 4.7 was also spotted in the same location before its official release. Anthropic has not yet confirmed this development.

xAI's official creative ambassador, Dogan Ural, has shared a concept design image for a new feature on the X platform. According to Odaily, the screenshot suggests that users may soon be able to view interaction history and comprehensive interaction scores with any account over the past 90 days. This includes detailed statistics such as likes, replies, and retweets. Additionally, crypto influencer AB Kuai.dong noted that if this feature is implemented, it could enable crypto projects and exchanges to collect fan data more accurately.

The third week of May is set to feature several significant global macroeconomic events. According to NS3.AI, these events will occur from May 19 to May 22. The calendar includes speeches from Federal Reserve officials, the release of the Fed meeting minutes, and U.S. initial jobless claims data. Additionally, U.S. PMI data and crude oil inventories will be announced. The People's Bank of China is also expected to release its May Loan Prime Rate during this period.

The Korea Exchange has activated a sell-side sidecar following a significant drop in the KOSPI index, which fell by over 5%. According to NS3.AI, this mechanism is designed to stabilize the market by temporarily halting trading, allowing investors to reassess their positions and mitigate further losses. The activation of the sidecar reflects heightened volatility and investor concern in the Korean stock market.

The National Credit Union Administration (NCUA) has announced a proposed rule to establish operational and risk management standards for payment stablecoin issuers (PPSI) licensed by the NCUA under the GENIUS Act framework. According to Odaily, NCUA Chairman Kyle Hauptman stated that the rule aims to ensure credit unions are not disadvantaged in terms of stablecoin regulatory standards and seeks to align as closely as possible with proposed standards for bank subsidiaries. The proposed rule is now open for public comment in the Federal Register, with the comment period ending on July 17, 2026.

Hong Kong Exchanges and Clearing Limited (HKEX) is set to reveal details of a new gold futures contract design soon. According to Jin10, the Hong Kong Economic Times cited informed sources stating that HKEX has been actively working on relaunching gold futures trading in response to global demand for gold and competition from Singapore. The exchange is currently exploring ways to optimize its existing gold futures products, with further details to be announced in due course.

Bitcoin ETFs saw a net outflow of 13,000 BTC last week, marking the worst week since early February. According to ChainCatcher, Ark Invest experienced the largest outflow, withdrawing over 4,000 BTC.

On May 17, 2026, 23:42 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,100 USDT and is now trading at 2,099.550049 USDT, with a narrowed 3.76% decrease in 24 hours.

On May 17, 2026, 23:41 PM(UTC). According to Binance Market Data, BNB has dropped below 650 USDT and is now trading at 645.080017 USDT, with a narrowed 1.73% decrease in 24 hours.

XRP is currently experiencing a technical consolidation phase, maintaining a trading range between $1.3 and $1.4 for several months. According to NS3.AI, this price compression between support and resistance levels indicates that a significant breakout or breakdown could occur in the coming weeks.

Shares of Lens Technology (06613.HK) experienced a rapid increase, rising over 13% during the trading day. According to Jin10, the stock's performance reflects significant investor interest and market activity.

Hong Kong chip stocks exhibited varied performances today. According to Jin10, Gigadevice Semiconductor (03986.HK) saw a significant increase of over 9%, while Montage Technology (06809.HK) rose by more than 3%. Other companies like Hua Hong Semiconductor (01347.HK) also experienced gains. In contrast, Innosec (02577.HK) fell by over 5%, and TianShu ZhiXin (09903.HK) declined by nearly 2%.

Thailand's economy experienced a growth of 2.8% in the first quarter, exceeding market expectations of 2.2%. According to Jin10, this growth reflects a stronger-than-anticipated economic performance for the period.

Daiwa Securities strategists have indicated that the Japanese yen is likely to remain under pressure due to potential resistance from Japan's Prime Minister Sanae Takaichi towards monetary policy tightening. According to Jin10, the strategists noted that the Takaichi administration's preference for fiscal expansion to address rising prices is exerting pressure on bond and currency markets, leading to a steeper yield curve and further depreciation of the yen. They added that if companies pass on higher costs while the Bank of Japan delays interest rate hikes, this could further lower real interest rates, exacerbating the yen's weakness.

ALEX Lab Foundation has submitted governance proposal AGP-8, aiming to implement structural changes to the ALEX protocol. According to Odaily, the proposal includes halting the emission of ALEX community tokens, closing the Treasury Grant Program (TGP), and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million tokens, nearing the cap of 1 billion.
If approved, the next 32 cycles will mark the final emission period for ALEX tokens, with no new emissions thereafter. The TGP 2024 treasury holds about 1.568 million unclaimed STX tokens. After a 30-day grace period, ALEX Lab Foundation plans to use these funds to buy back and burn ALEX tokens at market prices. Future protocol revenue, after covering operational costs, will also be used for ongoing buybacks and burns. The proposal aims to shift ALEX from an inflationary to a deflationary model.

PreStocks, a platform for tokenized liquidity of Pre-IPO stocks, has issued a statement regarding recent discussions about the risks associated with Special Purpose Vehicles (SPVs) in the Pre-IPO secondary market. According to Foresight News, the use of SPVs in this market has been established for over a decade and does not represent a new risk. Private companies have long relied on secondary markets to provide liquidity and support price discovery.
To mitigate counterparty risk, PreStocks has implemented measures such as avoiding the use of three-tier or lower SPVs, verifying actual ownership up to the equity table, and conducting due diligence and background checks on fund managers before tokenization.
PreStocks tokens are issued as Reg S debt instruments, available only to qualified non-U.S. users, offering economic exposure rather than direct equity. All active PreStocks tokens are supported according to their terms. The platform plans to continue diversifying SPV sources and enhancing exposure quality in the future.

Bitcoin has recently experienced significant selling pressure, aligning closely with the U.S. small-cap stock index, indicating it is still perceived as a 'risk asset' rather than a safe haven. According to Odaily, the perpetual contract funding rate for Bitcoin has turned negative, suggesting a lack of demand for leveraged long positions, with traders remaining cautious about short-term gains. However, in the medium term, the large-scale outflow of funds from the fixed income market could benefit Bitcoin. As the 10-year Treasury yields in the U.S. and Europe reach multi-year highs, investors are gradually withdrawing from the bond market, potentially redirecting some liquidity towards risk assets, including Bitcoin.

The prediction market Polymarket has seen a significant shift in the odds for the 'San Diego Padres vs. Seattle Mariners' event, according to ChainCatcher. The sub-market option 'Spread -1.5' for the San Diego Padres experienced a dramatic increase in winning probability, rising from 50.5% an hour ago to 96.5%, marking a 46% fluctuation. Observers are advised to consider the impact of any related breaking news.

According to PANews, the remittance market in Latin America is valued at $174 billion. However, many fintech companies have chosen the wrong path in this sector. A detailed investigation reveals the real opportunities for stablecoins and WhatsApp in reshaping cross-border payments.

PANews posted on X (formerly Twitter). Hyperliquid has introduced a SpaceX Pre-IPO perpetual contract (SPCX) with an initial reference price of $150, corresponding to a fully diluted market valuation of approximately $1.78 trillion, surpassing Tesla's current market value. It is important to note that SPCX tracks the market's implied expected price of SpaceX's common stock, as SpaceX has not yet gone public.

Israeli media have confirmed that U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have discussed the possibility of resuming military action against Iran. According to Odaily, an Israeli official stated that if the United States initiates military action, both countries are expected to conduct joint airstrikes.
The Israeli Public Broadcasting Corporation reported that the conversation between Netanyahu and Trump lasted about half an hour, focusing on the potential for renewed military strikes on Iran. The official indicated that if the U.S. resumes military operations against Iran, a joint airstrike by the U.S. and Israel is anticipated.
In a phone interview with Axios, Trump warned that Iran's "time is running out" and cautioned that if the Iranian regime does not propose better terms for an agreement, they will face "much more severe" consequences than before. Two U.S. officials mentioned that Trump is expected to convene his senior national security team in the Situation Room on Tuesday to discuss military options.

Samsung Electronics has received partial approval from a South Korean court for its request to ban a planned strike by the union, according to Odaily. Following this development, the South Korean KOSPI index reversed its earlier decline of 4.68% and began to rise.

On-chain analyst Tom Wan reported on the X platform that Ethereum's (ETH) utilization rate has fallen below 90%, with lending annual percentage yield (APY) dropping to 1.9%. According to Odaily, since the attack on the rsETH LayerZero cross-chain bridge, deposits of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion, respectively. As the wstETH/weETH to ETH circular leverage strategy returns to profitability, the market is now focused on whether demand for ETH circular leverage will rebound or if funds will continue to remain cautious or shift towards protocols like Spark and Morpho.

Bain Capital announced on May 18 that its sixth Asia fund, known as 'Asia Fund VI,' has successfully completed its final fundraising round, reaching a total of $10.5 billion. According to Odaily, approximately $9.1 billion of this amount was contributed by external investors, surpassing the initial fundraising target of $7 billion. Yuji Sugimoto, Bain Capital Partner and Head of Asia Private Equity, expressed optimism about the vast opportunities in the Asian market. The firm plans to enhance talent development, technological capabilities, and platform integration to achieve business growth at a steady and cautious pace. Bain Capital is currently focusing on sectors such as technology, industrials, consumer, healthcare, and business and financial services.

Figure Technology Solutions is rapidly distinguishing itself in the blockchain marketplace, according to Bernstein analysts. The company's first-quarter earnings report, released on May 11, exceeded Wall Street expectations in both revenue and EBITDA. Figure aims to transform real-world credit assets into blockchain-native instruments, enhancing their tradability, funding, and financing efficiency. According to Cointelegraph, as Figure develops its blockchain-native capital market ecosystem, analysts anticipate that the company will surprise investors with its unique approach compared to traditional fintech lending platforms. They view FIGR stock as a real-time indicator of blockchain loan volumes.
Bernstein analysts noted in a May 15 client note that FIGR's live blockchain data suggests a record-breaking second quarter is on the horizon. As the market becomes more adept at tracking live blockchain volume data, they believe FIGR's stock price will increasingly reflect blockchain loan volumes. Figure is positioning itself not just as a fast-growing home equity lender wrapped in crypto branding but as a comprehensive blockchain capital markets platform. During a May 12 earnings call, executive chairman and co-founder Mike Cagney discussed the challenges Figure faced when integrating its digital assets into decentralized finance (DeFi) for financing. He highlighted the complexities of asset-based lending in DeFi, particularly regarding collateral liquidity and loan participation.
Bernstein envisions Figure creating a complete marketplace where real-world assets, including loans and equities, can serve as active collateral for borrowing and lending liquidity. They suggest that FIGR could eventually earn a small fee from the entire blockchain economy within its ecosystem. Despite this potential, institutional investors remain skeptical of blockchain-for-finance narratives. CEO Michael Tannenbaum acknowledged this skepticism, emphasizing Figure's operational advantages over ideological ones. He described AI as "the brain" and blockchain as "the nervous system," arguing that blockchain-native data structures simplify underwriting, compliance, and loan verification.
Bernstein's previous research estimated a $4 trillion addressable market for the total annual volume of credit origination across various loan categories that could eventually move onchain as tokenized assets. This includes mortgages, auto loans, home equity lines of credit, and small-business loans, areas where Figure is expanding beyond its core business. Currently, tokenized credit is a small segment of the broader real-world asset market, valued at approximately $5.14 billion. Other projects, like Centrifuge, are also exploring onchain credit, expanding their platforms to include tokenized credit and US Treasury products. Figure has ventured into auto loans through the Hastra DeFi protocol, which integrates tokenized credit products into decentralized finance and broader blockchain markets. Launched by the Provenance Blockchain Foundation, the protocol recently expanded to the Morpho protocol on Ethereum, further enlarging its addressable DeFi market.

On May 18, Wuliangye held its first extraordinary shareholders' meeting of 2026. According to Jin10, Wuliangye's Vice Chairman and General Manager, Hua Tao, emphasized the importance of solidifying operational support, actively expanding external markets, and continuously deepening channel communication to stabilize merchant business expectations. Currently, Wuliangye is implementing brand marketing activities such as the World Cup and the 520 Super Fan Festival to boost terminal sales. During the May Day holiday, sales of products like 1618 and 39-degree Wuliangye at banquets increased by over 70%, with overall sales rising nearly 60%. Additionally, internal operations remain stable, with normal functioning in raw grain procurement, packaging supply, liquor production, and product dispatch. The scenic area operations were also stable, with 168,400 tourists received during the May Day holiday, marking a 32.6% year-on-year increase and setting a new record.

Ed Yardeni, President and Chief Investment Strategist at Yardeni Research, has expressed concerns over the Federal Reserve's current stance amid rising inflation worries among investors. According to Jin10, Yardeni emphasized that the Fed must keep pace with the bond market to avoid losing control over borrowing costs. He highlighted that the current market environment is no longer suitable for a dovish stance and suggested that the Fed should abandon its dovish inclination at the June meeting.
Yardeni warned that if the Fed fails to adjust its stance, investors might conclude that the Fed is lagging behind the inflation curve, leading to demands for higher inflation risk premiums. He projected that the Fed would maintain interest rates at the June meeting and shift towards a tighter policy stance. Yardeni further noted that the current economic backdrop does not justify a dovish inclination, let alone rate cuts. Instead, he believes that a more hawkish Kevin Warsh, contrary to market expectations, could actually benefit U.S. President Donald Trump by helping to suppress long-term Treasury yields.

The CME FedWatch Tool indicates a 99.2% probability that the Federal Reserve will maintain its current interest rates through June. According to Jin10, there is a 0.8% chance of a cumulative 25 basis point rate cut by the same time. Looking ahead to July, the probability of the Fed keeping rates unchanged is 95.0%, with a 0.7% chance of a 25 basis point rate cut and a 4.2% chance of a 25 basis point rate hike.

A trader known as 'Machi Big Brother' has reopened a long position of 1,825 ETH following a recent liquidation, according to Foresight News. The position is valued at approximately $3.87 million, with a liquidation price set at $2,086.69.